Williamson Legacy Group LLC Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Williamson Legacy Group LLC purchased a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,523 shares of the financial services provider’s stock, valued at approximately $959,000.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA bought a new position in shares of Houlihan Lokey in the fourth quarter valued at $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey in the fourth quarter valued at $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey in the fourth quarter valued at $62,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after buying an additional 198 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.8 %

NYSE HLI opened at $173.42 on Friday. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The company has a market capitalization of $12.16 billion, a PE ratio of 33.10 and a beta of 0.69. The firm’s fifty day simple moving average is $177.04 and its 200-day simple moving average is $171.14.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley boosted their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.